Weekly Charlottesville Real Estate Market Update – June 1 2010

Look back at the data from the first of the year … analysis of “where we are now” coming soon. It is too soon to pull the data on sold homes in the Charlottesville region via the Charlottesville MLS; usually it takes a few days for all the transactions to be entered.

What does this mean? To Charlottesville buyers, to Charlottesville sellers. Coming Thursday.

Briefly:

1 – If you’re a buyer, be patient and informed.
2 – If you’re a seller, be aggressive, dispassionate, detached and informed.


Number of single family homes put under contract in Charlottesville/Albemarle between 1 May and 31 May:

Number of single family homes put under contract in Charlottesville/Albemarle between 1 April and 30 April:

Single Family Homes Put under contract in April+May in Charlottesville-Albemarle:

Contracts are UP. Really.


Number of properties put under contract in the Charlottesville MSA between 1 May and 28 May:

Real estate prices just for the City of Charlottesville, comparing median prices in the top and bottom quartiles:

Medium Chart

Real estate inventory just for the City of Charlottesville, comparing inventory levels in the top and bottom quartiles:

Medium Chart

I’m thinking the dip might have something to do with the homebuyer tax credit.

Get your own Charlottesville real estate market reports now. Spam-Free. Promise.

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